Fort Lauderdale FL, May 23, 2016 (GLOBE NEWSWIRE) -- DNA Shareholder update
DNA Brands is pleased to update shareholders and address recent questions the company has received.
Since the change in management earlier this year, the company has been inundated with requests to get the DNA Energy Drink product lines back into retail, both domestically and internationally. In the coming weeks the company will look to schedule a shareholder meeting, whereby input from shareholders and creditors will be discussed, on the quickest way to get the funding to execute on the abundance of retail interest.
Following the shareholders meeting the company will begin the process of building an Advisory Board and start looking at various avenues to monetize and diversify the relationships and assets of the company and future business partners.
To date, since new management, the company has signed a joint venture agreement with Accel Brands Inc. (ACLP.PK). Has rehired the former scientific team, Parkside Beverage. Has initiated talks with one of the Largest CBD distributors in the county,(with a 2500 retail store distribution network), to develop a line of CBD wellness shots. Furthermore the company is actively in talks with other beverage professionals, both public and private.
The company has also received many questions in regards to the capital structure. The company has no intentions of a reverse split at this time.
(561) 654 5722
This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All statements regarding the Company's financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward-Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely too heavily on these forward-looking statements.
Source:DNA Brands Inc.